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TROW

126.01USD-1.08(-0.85%)Market Closed

T. Rowe Price Group Inc

Market Summary

USD126.01-1.08Market Closed
-0.85%

TROW Alerts

TROW Stock Price

RSI Chart

Valuation

Market Cap

24.5B

Price/Earnings

12.06

Price/Sales

3.54

Price/Cashflow

8.59

MarketCap/EBT

9.92

Price/Sales

Profitability

EBT Margin

35.69%

Return on Equity

22.3%

Return on Assets

16.95%

Fundamentals

Revenue

Revenue (TTM)

6.9B

Revenue Y/Y

-18.72%

Revenue Q/Q

4.97%

Earnings

Earnings (TTM)

2.0B

Earnings Y/Y

-50.54%

Earnings Q/Q

13.19%

Price Action

52 Week Range

199.48
(Low)(High)

Last 7 days

0.8%

Last 30 days

20.4%

Last 90 days

6.5%

Trailing 12 Months

-35.9%

Financial Health

Investor Care

Dividend Yield

4.31%

Dividend/Share (TTM)

4.68

Buy Backs (1Y)

0.57%

Diluted EPS (TTM)

8.71

Peers (Alternatives to T Rowe Price Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
62.7B
5.0B
2.17% -19.84%
21.43
12.95
6.85% 9.98%
54.0B
9.5B
17.94% -15.97%
16.01
5.7
8.61% 19.83%
30.6B
6.1B
13.60% -65.48%
26.88
5.18
3.86% -0.69%
24.5B
6.9B
20.40% -35.90%
12.06
3.54
-6.95% -34.97%
13.3B
3.8B
1.77% -0.27%
62.94
3.65
10.01% -46.45%
MID-CAP
7.9B
1.1B
-1.89% 3.03%
6.24
8.12
-28.35% -28.41%
7.2B
2.0B
16.85% 5.36%
14.24
3.56
9.45% -3.53%
6.7B
4.7B
2.80% -11.37%
8.5
1.42
2.68% -0.67%
2.4B
2.6B
-1.22% -20.85%
6.37
0.93
-11.69% -29.99%
SMALL-CAP
1.9B
66.0B
12.10% 64.95%
12
0.03
55.25% 78.07%
1.5B
1.8B
18.77% -3.06%
14.13
0.8
-10.47% 171.91%
1.1B
1.6B
-0.34% 6.89%
8.34
0.66
-23.97% -60.19%
918.0M
19.9M
0.46% 7.40%
-26.12
14.13
-72.02% -152.67%
791.6M
307.2M
9.41% -21.41%
53.61
2.53
4.57% 259.02%
360.0M
1.2B
19.76% -9.79%
4.94
0.31
-19.93% -59.07%

Financials for T Rowe Price Group

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-5.0%6,9267,2927,7087,6727,443
Operating Expenses1.4%3,9433,8874,0143,9623,840
Earnings Before Taxes-16.6%2,4722,9653,6783,9954,228
Net Income-16.2%2,0332,4252,9013,0833,126
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets1.9%11,99311,76912,34812,50911,451
    Cash Equivalents15.5%2,4442,1161,9981,5233,419
  Net PPE0.7%753747736736719
  Goodwill0%2,6522,6522,6442,693666
Liabilities13.1%2,2982,0312,2312,2552,102
Shareholder's Equity1.7%9,1158,9649,0549,0238,262
  Additional Paid-In Capital-2.0%655668920655-
Minority Interest-0.9%207209272249-
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-15.4%2,8563,3773,5613,4523,093
  Share Based Compensation3.7%294284299275255
Cashflow From Investing-8.5%-1,225.20-1,129.50-1,063.50-1,098.1074
Cashflow From Financing25.2%-2,714.40-3,627.10-3,325.40-2,988.80-1,958.10
  Dividend Payments-38.4%1,0801,7531,7291,7021,664
  Buy Backs0.5%1,3891,3831,2251,139562

Risks

What is the probability of a big loss on TROW?

56.5%


Probability that T Rowe Price Group stock will be more than 20% underwater in next one year

35.8%


Probability that T Rowe Price Group stock will be more than 30% underwater in next one year.

12.3%


Probability that T Rowe Price Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does TROW drawdown profile look like?

Y-axis is the maximum loss one would have experienced if T Rowe Price Group was unfortunately bought at previous high price.

Returns

Cumulative Returns on TROW

10.5%


10-Year Cumulative Returns

10.7%


7-Year Cumulative Returns

7.3%


5-Year Cumulative Returns

4.7%


3-Year Cumulative Returns

What are the long-term rolling returns for TROW?

FIve years rolling returns for T Rowe Price Group.

Which funds bought or sold TROW recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Toroso Investments, LLC
ADDED
144.22
1,043,000
1,873,000
0.08%
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
91
1,000
-%
2022-11-23
Aurora Investment Counsel
NEW
-
1,417,000
1,417,000
1.07%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
2,195,000
2,195,000
0.03%
2022-11-22
B. Riley Wealth Advisors, Inc.
NEW
-
231,000
231,000
0.01%
2022-11-22
CVA Family Office, LLC
-
-
18,000
40,000
0.01%
2022-11-22
Coombe, Bender & Co LLC
-
-
-232,000
2,497,000
2.22%
2022-11-21
DEARBORN PARTNERS LLC
-
-
-1,842,000
25,662,000
1.13%
2022-11-21
Parallax Volatility Advisers, L.P.
NEW
-
444,000
444,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
-3,777,000
39,234,000
0.07%

1–10 of 44

Latest Funds Activity

Are funds buying TROW calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own TROW

T Rowe Price Group News

Barron's

T. Rowe Price Has Had a Rough Time of Late. Negativity in the Money Manager’s Stock Could Be Overdone..12 hours ago

TROW Fair Value

Recent SEC filings of T Rowe Price Group

View All Filings
Date Filed Form Type Document
Nov 29, 2022
4
Insider Trading
Nov 15, 2022
4
Insider Trading
Nov 14, 2022
4
Insider Trading
Oct 27, 2022
10-Q
Quarterly Report
Oct 12, 2022
UPLOAD
UPLOAD
Oct 11, 2022
SC 13G/A
Major Ownership Report
Sep 29, 2022
CORRESP
CORRESP
Sep 20, 2022
UPLOAD
UPLOAD
Sep 15, 2022
8-K
Current Report
Sep 02, 2022
4
Insider Trading

Latest Insider Trading transactions for TROW

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-28
Nelson Joshua B
GIFTED
-
-
-333
Vice President
2022-11-28
Nelson Joshua B
ACQUIRED
290.54
122.85
2.365
Vice President
2022-11-14
Stromberg William J
GIFTED
-
-
-16,000
Non-Executive COB
2022-11-14
Stromberg William J
GIFTED
-
-
16,000
Non-Executive COB
2022-11-11
Stromberg William J
SOLD
-1,241,500
124.15
-10,000
Non-Executive COB
2022-11-10
Veiel Eric L
GIFTED
-
-
-791
Vice President
2022-11-10
Veiel Eric L
ACQUIRED
65,611.3
131.96
497.206
Vice President
2022-09-01
Jackson Stephon A.
ACQUIRED
27,432.8
129.046
212.581
Vice President
2022-09-01
Jackson Stephon A.
ACQUIRED
221,281
59.8704
3,696
Vice President
2022-09-01
Jackson Stephon A.
SOLD (Taxes)
-276,437
119
-2,323
Vice President

1–10 of 50

Robert W. Sharps
7530
T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, and Amsterdam, Netherlands.

TROW Income Statement

2022-09-30
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues    
Net revenues$ 1,588.2$ 1,954.1$ 4,964.2$ 5,710.2
Operating expenses    
Compensation and related costs588.1564.61,633.11,751.9
Distribution and servicing69.996.0231.5274.3
Advertising and promotion24.322.169.161.4
Product and recordkeeping related costs75.670.3232.3154.6
Technology, occupancy, and facility costs143.6123.1411.8359.7
General, administrative, and other112.181.8265.8260.8
Total operating expenses1,013.6957.92,843.62,862.7
Net operating income574.6996.22,120.62,847.5
Non-operating income (loss)    
Net gains (losses) on investments(41.5)8.7(301.3)165.0
Net gains (losses) on consolidated investment products(41.7)(17.1)(247.7)75.7
Other income (loss)0.4(3.1)(12.2)(6.2)
Total non-operating income (loss)(82.8)(11.5)(561.2)234.5
Income before income taxes491.8984.71,559.43,082.0
Provision for income taxes134.0227.3399.4717.1
Net income357.8757.41,160.02,364.9
Less: net income (loss) attributable to redeemable non-controlling interests(26.6)(19.8)(131.9)22.6
Net income attributable to T. Rowe Price Group$ 384.4$ 777.2$ 1,291.9$ 2,342.3
Earnings per share on common stock of T. Rowe Price Group    
Basic (in dollars per share)$ 1.67$ 3.34$ 5.57$ 10.04
Diluted (in dollars per share)$ 1.66$ 3.31$ 5.54$ 9.94
Investment advisory fees    
Revenues    
Net revenues$ 1,442.0$ 1,813.4$ 4,600.8$ 5,288.4
Capital allocation-based income    
Revenues    
Net revenues1.10.0(80.8)0.0
Administrative, distribution, and servicing fees    
Revenues    
Net revenues$ 145.1$ 140.7$ 444.2$ 421.8

TROW Balance Sheet

2022-09-30
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
ASSETS  
Cash and cash equivalents$ 2,366.3$ 1,523.1
Accounts receivable and accrued revenue741.41,058.3
Investments2,480.22,975.5
Assets of consolidated T. Rowe Price investment products ($1,234.8 million at September 30, 2022 and $1,761.5 million at December 31, 2021, related to variable interest entities)1,284.31,962.8
Operating lease assets282.8201.2
Property, equipment and software, net752.8736.2
Intangible assets, net832.0913.4
Goodwill2,652.42,693.2
Other assets601.0445.3
Total assets11,993.212,509.0
LIABILITIES  
Accounts payable and accrued expenses382.8431.0
Liabilities of consolidated T. Rowe Price investment products ($41.6 million at September 30, 2022 and $36.2 million at December 31, 2021, related to variable interest entities)47.551.5
Operating lease liabilities320.0249.2
Accrued compensation and related costs701.1256.8
Supplemental savings plan liability676.9882.6
Contingent consideration liability131.3306.3
Income taxes payable38.377.9
Total liabilities2,297.92,255.3
Commitments and contingent liabilities
Redeemable non-controlling interests580.8982.3
STOCKHOLDERS’ EQUITY  
Preferred stock, undesignated, $.20 par value – authorized and unissued 20,000,000 shares0.00.0
Common stock, $.20 par value—authorized 750,000,000; issued 223,920,000 shares at September 30, 2022 and 229,175,000 at December 31, 202144.845.8
Additional capital in excess of par value499.3919.8
Retained earnings8,419.98,083.6
Accumulated other comprehensive loss(56.5)(26.5)
Total stockholders’ equity attributable to T. Rowe Price Group, Inc.8,907.59,022.7
Non-controlling interests in consolidated entities207.0248.7
Total stockholders’ equity9,114.59,271.4
Total liabilities, redeemable non-controlling interests, and stockholders’ equity$ 11,993.2$ 12,509.0